Stages of diversification and specialization in an Heckscher-Ohlin world, 1976-2000
Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? Building on Schott (2003), we estimate the production side of the Heckscher-Ohlin (HO) model with industry data...
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| Format: | Working paper |
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University of Oxford
2007
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